
Every piece of media is your responsibility, essentially forever, regardless of which third party has taken physical possession?Developing a sound data protection strategy is one of the more complex tasks faced by today’s IT organizations. Historically, company concerns have centered only on access (i.e., authentication and authorization), backup and recovery or business continuity.
Today, an increasing number of regulatory requirements that govern the protection of personal information (e.g., health records, financial statements, credit/debit card information, social security numbers, etc.) are causing companies to continually reexamine how they protect information from getting out of their control.
The last few years have seen an increased awareness of information that has been compromised due to lost or missing magnetic tapes that were in transit. While losing tapes is not a new phenomenon, what has changed is the laws that force companies to disclose the mishap. Organizations have reacted by attempting to either eliminate physical transport altogether -- by sending data electronically – or, at a minimum, encrypting tapes that leave the physical security of the data center.
For tapes that are no longer needed companies are faced with the dilemma of how to properly eradicate data in the most cost-effective manner.
PeakData’s Tape Data Eradication Service provides complete eradication of data from tapes, protecting a company’s hard-earned reputation and trustworthiness by preventing confidential information from falling into the wrong hands. PeakData’s software-based technology ensures secure eradication and provides the detailed reporting required to meet today’s state and local government and industry regulatory compliance requirements, customer and employee privacy legislation, and security mandates. As a result customers are insulated exposure to legal liabilities or loss of corporate assets. Key benefits include:
On-site service delivery with no impact to production operations; or, off-site at one of PeakData’s secure, state-of-the-art facilities
Fortunately, there is help available. PeakData is a company with 20 years experience helping customers achieve the necessary business and technology architecture to assure appropriate access to archived data at a cost that can be surprisingly affordable.
| Record Retention Examples | |||
| Industry | Regulation(s) | Information / Implication | Retention Period |
| Financial Services | Check 21 | Check Images | 7 years |
| SEC 17a-3, a-4 | Type of information required | 6 years | |
| NASD 3010 / 3110 | Similar to SEC 17a-3, a-4 | 6 years | |
| Public Companies > $75M | Sarbanes Oxley | Financial audit and reporting documents | 7 years |
| Healthcare | HIPAA | Medical records | Min. 6 years or 2 years after death |
| 42 CFR | Medical records for Medicare | 5 years | |
| Food & Drug | 21 CFR Part 11 | All FDA regulated programs | |
| Food mfg, processing, packaging | 2 years after release | ||
| Drug mfg, processing, packaging | 3 years after distribution | ||
| Biological product mfg records | 5 years | ||
| All | U.S. Patriot Act | Customer records, financial activity | 5 years after record made or account closed |
| Financial / Medical | Gramm-Leach-Bliley Act | Disclosure of non-public personal information | N/A |